This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SUPERVALU And Four Independent Grocery Retailers Begin Conversion Of Several Twin Cities Rainbow Stores

Stocks in this article: SVU

SUPERVALU INC. (NYSE: SVU), one of the nation’s leading grocery wholesalers, today announced that it has begun supplying the first of 18 Rainbow stores that are being acquired as part of the transactions that were announced May 7 between Roundy’s and a consortium of SUPERVALU and independent retailers. Following the store conversions, SUPERVALU will supply all 18 of the acquired stores out of its Hopkins, Minnesota distribution center.

SUPERVALU along with four Twin Cities-based independent retailers – Jerry’s Enterprises, Haug Enterprises, Lund Food Holdings and Radermacher Enterprises – are expecting to complete the store conversions over the next two weeks. As previously announced, ten of the 18 stores will become Cub Foods locations, two will operate as Byerly’s and the other six will remain Rainbow stores.

“I am very pleased that we are now adding these 18 stores to SUPERVALU's distribution network and that we are expanding our supplier relationship with a group of very strong independents and longtime customers of our Independent Business segment. We expect these fine retailers will serve the Twin Cities better than ever with an expanded store base,” said Sam Duncan, SUPERVALU president and chief executive officer. “Each of these independent retailers, along with Cub, are longtime grocers who know this market and their customers and are actively involved in their stores and communities.”

The 10 new Cub Foods will be located at:

  • Chaska – 200 Pioneer Trail
  • Lakeville – 17756 Kenwood Trail
  • Minneapolis (Lagoon) – 1104 Lagoon Ave.
  • Minneapolis (Quarry) – 1540 New Brighton Blvd.
  • Plymouth (6 th Avenue) – 10200 6 th Ave. North
  • Roseville (includes stand-alone liquor store) – 1201 Larpenteur Ave.
  • St. Louis Park (includes stand-alone liquor store) – 5370 16 th Street W.
  • St. Paul (Arcade) – 892 Arcade Street
  • Eagan – 1276 Town Centre Drive
  • Oakdale – 7053 10 th Street North

The six Rainbow stores will be located at:

  • Minneapolis (Lake Street) – 2919 26 th Ave. South
  • Plymouth (Plymouth Station) – 16705 County Road 24
  • Richfield – 140 West 66 th Street
  • West St. Paul – 1660 Robert Street South
  • Maplewood – 2501 White Bear Ave.
  • St. Paul (Midway) – 1566 University Ave. West

The two new Byerly’s stores will be located at:

  • Eden Prairie – 970 Prairie Center Drive
  • Woodbury (includes stand-alone liquor store) – 7050 Valley Creek Plaza

Store conversions at the Minneapolis (Lagoon), St. Paul (Arcade) and St. Louis Park locations began Monday and opened today, July 9. The remaining stores are expected to transition on a staggered basis over the next two weeks.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs